Adobe Stock
Adobe Stock
From January through June of 2021, there were 57 homes sold, with a median sale price of $121,300 - a 3.5% decrease over the $125,700 median sale price for the same period of the previous year. There were 46 homes sold in Vermilion in the first half of 2020.
The median sales tax in Vermilion for the most recent year with available data, 2018, was $2,398, approximately 2% of the median home sale price for the first half of 2021.
The following table compares Vermilion to other Lorain County cities with similar median sale prices in the first half of 2021:
| City | Jan. - June 2021 Home Sales | Jan. - June 2020 Home Sales | % change (Total Home Sales) | Jan. - June 2021 Median Sales Price | Jan. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Brentwood Lake | 3 | 3 | 0% | $173,000 | $128,750 | 34.4% |
| Wellington | 62 | 50 | 24% | $156,500 | $163,500 | -4.3% |
| Oberlin | 65 | 56 | 16.1% | $150,000 | $162,500 | -7.7% |
| Sheffield Lake | 73 | 59 | 23.7% | $142,000 | $134,000 | 6% |
| South Amherst | 14 | 20 | -30% | $123,500 | $144,950 | -14.8% |
| Vermilion | 57 | 46 | 23.9% | $121,300 | $125,700 | -3.5% |
| Elyria | 467 | 489 | -4.5% | $115,000 | $95,500 | 20.4% |
| Eaton Estates | 11 | 9 | 22.2% | $105,000 | $118,900 | -11.7% |
| Pheasant Run | 22 | 9 | 144.4% | $96,700 | $70,000 | 38.1% |
| Coonville | 3 | 9 | -66.7% | $90,000 | $85,000 | 5.9% |
| Lorain | 682 | 542 | 25.8% | $74,700 | $65,140.50 | 14.7% |
Alerts Sign-up